Canada House Wellness Group (Canada House Wellness Group) Interest Expense : $-2.83 Mil (TTM As of Apr. 2023)

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What is Canada House Wellness Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canada House Wellness Group's interest expense for the three months ended in Apr. 2023 was $ -1.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2023 was $-2.83 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Canada House Wellness Group's Operating Income for the three months ended in Apr. 2023 was $ 1.88 Mil. Canada House Wellness Group's Interest Expense for the three months ended in Apr. 2023 was $ -1.09 Mil. Canada House Wellness Group's Interest Coverage for the quarter that ended in Apr. 2023 was 1.72. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Canada House Wellness Group Interest Expense Historical Data

The historical data trend for Canada House Wellness Group's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Canada House Wellness Group Interest Expense Chart

Canada House Wellness Group Annual Data

Trend

Mar12

Mar13

Mar14

Jul15

Jul16

Apr17

Apr18

Apr19

Apr20

Apr21

Interest Expense

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-0.28

-1.35

-1.00

0.11

-2.13

Canada House Wellness Group Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Oct22	Jan23	Apr23
Interest Expense	Get a 7-Day Free Trial															-0.69	-0.84	-0.68	-1.06	-1.09

Canada House Wellness Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Apr. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.83 Mil.

Canada House Wellness Group (OTCPK:SARSF) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Canada House Wellness Group's Interest Expense for the three months ended in Apr. 2023 was $-1.09 Mil. Its Operating Income for the three months ended in Apr. 2023 was $1.88 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2023 was $11.94 Mil.

Canada House Wellness Group's Interest Coverage for the quarter that ended in Apr. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Apr. 2023 )	/	Interest Expense (Q: Apr. 2023 )
	=	-1	*	1.879	/	-1.091
	=	1.72

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Canada House Cannabis Group Inc interest coverage is 1.58, which is low.

Canada House Wellness Group (Canada House Wellness Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Canada House Wellness Group Inc (OTCPK:SARSF) » Definitions » Interest Expense

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Address

551 Rue, Saint Marc, Louiseville, Quebec, QC, CAN, J5V 2L4

Website

https://canadahouse.ca/

Canada House Cannabis Group Inc is a licensed producer that produces high quality medical grade cannabis. IsoCanMed Inc, a Licensed Producer in Louiseville, Quebec growing indoor cannabis, production facility employing state of the art vertical, aeroponic production methodologies; Canada House Clinics Inc, with clinics across the country that work directly with primary care teams to provide specialized cannabinoid therapy services to patients suffering from simple and complex medical conditions; and Knalysis Technologies, a provider of fully customizable, cloud-based software that links physician, provider, and patient to data that supports treatment with medical cannabis; Margaree Health Group a medical cannabis clinic.

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